United Brokerage Services, Inc (Parkersburg)

Name: United Brokerage Services, Inc
Address: 514 Market Street, Parkersburg, WV, 26101
Telephone: 888-424-6158

United Brokerage Services, Inc is a large advisory firm based in Parkersburg. It manages $122.53 million of regulatory assets for 921 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Alabama, District of Columbia, Florida, and 12 other states.

United Brokerage Services provides portfolio management for individuals and small businesses and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

United Brokerage Services: assets under management

The assets under management (AUM) of United Brokerage Services, Inc is $122.53 million. The company doesn't manage any assets belonging to foreign clients.

Investments

The firm invests in investment and business development companies the most. They account for 82% of the total AUM. The second-largest asset type is exchange traded securities, which make up 10% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay United Brokerage Services, Inc for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Richard Matthew Jr Adams serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Richard Matthew Jr Adams is individuals with 899 clients and $109.19 million of assets under management. Among the 9 most similar advisory firms, United Brokerage Services has the 3rd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $122.53 million for 921 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

United Brokerage Services doesn't advise any private funds.

Careers at United Brokerage Services, Inc

The company employs 41 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 41 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Richard Matthew Jr Adams has been acting as President since 1 Oct 1998. Thomas James Mudlaff joined the executive team most recently as the Chief Operations Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Richard Matthew Jr Adams	President/director/ceo	1 Oct 1998	Other	2656091
Ami Lee Shaver	Senior vice president/director	1 Mar 2002	Other	2771684
Rose Lynn Wilson	Vice president/chief compliance officer	1 Feb 2008	Other	4072715
Kenneth Steven Davis	Finop	1 Dec 2009	Other	2451176
Lyle Davis Smith	Senior vice president/director	1 Apr 2011	Other	xxx-xx-xxxx
United Asset Management Corp.	Owner	1 Aug 2011	75% - 100%	26-0012499
Stephen Leslie Coffman	Svp/dc sales manager	1 Feb 2013	Other	2529068
Micheal Len Earl	Chief compliance officer	1 Mar 2015	Other	4266715
Ronald Bradford Burley	Director	1 Mar 2015	Other	4234703
Julie Ritchie Gurtis	Director	1 Mar 2015	Other	xxx-xx-xxxx
Michael Patrick Proctor	Director	1 Mar 2015	Other	xxx-xx-xxxx
Angie Marie Board	Finop	1 Mar 2016	Other	6464533
Gregory Allen Dennis	Chief operating officer	1 Mar 2016	Other	3179069
Matthew Lee Humphrey	Chief executive officer/director	1 Jan 2017	Other	5943475
Thomas James Mudlaff	Chief operations officer	1 Dec 2017	Other	2359466

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. United Bankshares	Indirect owner	1 Apr 1995	75% - 100%	55-0641179
United Bank Inc.	Indirect owner	1 Dec 2001	75% - 100%	55-0249860
United Bank	Indirect owner	1 Dec 2001	75% - 100%	55-0249860

Based in Parkersburg

The principal office where United Brokerage Services, Inc performs its advisory services is located at 514 Market Street, Parkersburg, WV 26101 The mailing address of the firm is P. O. Box 1508, Parkersburg, WV 26102 1508. An additional office of the firm is in Bethesda, MD. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 888-424-6158 or by fax (304) 424-3042. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at united-brokerage.com.